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Forex Trend Analysis Report

Prepared for you on Saturday, July 20, 2024.

British Pound/Mauritius Rupee (FOREX:GBPMUR)

Countertrend Up (+85) - GBPMUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid GBPMUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPMUR
Open High Low GBPMUR Price Change
60.173520 60.453011 59.960787 60.235964 +0.062444
Entry Signal

MarketClub’s Trade Triangles for GBPMUR

long term up The long-term trend has been UP since Apr 16th, 2024 at 59.697168

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 58.312420

short term down The short-term trend has been DOWN since Jul 18th, 2024 at 60.312395

Smart Scan Analysis for GBPMUR

Based on our trend formula, GBPMUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPMUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
60.173520 60.453011 59.960787 60.235964 +0.062444
Prev. Close Volume Bid Ask Time
60.434272 2024-07-19 17:04:41
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